Automotive Wrap Films Market Size, Share & Trends Analysis Report By Application, By Region And Segment Forecasts, 2019 - 2025

Automotive Wrap Films Market Size, Share & Trends Analysis Report By Application, By Region And Segment Forecasts, 2019 - 2025

  • April 2019 •
  • 100 pages •
  • Report ID: 5767985 •
  • Format: PDF
Automotive Wrap Films Market Size, Share & Trends Analysis Report By Application (Heavy-, Medium-, Light-duty Vehicles), By Region (Central & South America, APAC, MEA, North America, Europe), And Segment Forecasts, 2019 - 2025

The global automotive wrap films market size is expected to reach USD 11.6 billion by 2025. The market is projected to expand at a CAGR of 22.2% over the forecast period. High application scope coupled with increasing demand from light duty vehicle application is likely to have a positive impact on the market growth. Asia Pacific is expected to be the fastest-growing regional market over the forecast period. This can be attributed to rapidly expanding automotive industry in the region. Rising population and increasing disposable income levels in the emerging economies like India and China are also likely to propel the regional market development. Moreover, growing popularity of color-changing vehicle paints is further expected to propel the demand for automotive wrap films in the region. Growing construction, transportation, and industrial sectors are likely to increase the overall sales of heavy duty vehicles in the coming years. Escalating demand for vehicle branding coupled with increased sales of heavy duty vehicle in North America is expected to have a positive impact on the overall market in the years to come.

Further key findings from the study suggest:
• Advancements, in terms of technologies and materials, to facilitate low cost and mass production will also help augment the market growth
• Such advancements would also lead to flexibility in designs and ease of manufacturing for a wide range of applications
• Light-duty vehicles are expected to be the fastest-growing application segment in the global automotive wrap films market from 2019 to 2025
• North America was the largest regional market and will maintain its dominance during the forecast years due to increasing demand for vehicle branding and increased sales of heavy duty vehicles